Council approves $30,000 transfer to rainy day fund under state code
The council approved Resolution 2026-01 to transfer 10% of the general fund (identified in the reading as $30,000) into the town rainy-day fund, citing Indiana Code 36-1-8-5.1; the resolution passed on first presentation.
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The council considered Resolution 2026-01, described by the clerk as a transfer of 10% of the general fund amounting to $30,000 into the town's rainy day fund under Indiana Code 36-1-8-5.1.
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